Explore the latest trends and actionable insights on the Crude Oil Refinery Projects market to inform business strategy and pinpoint opportunities and risks

Iran Leads the Middle East With Highest Refinery Capacity Additions by 2026

  • The Middle East is primarily known for crude oil exports; however, it is ramping-up refinery capacity to meet domestic demand as well as for exports
  • Iran leads Middle East in terms of upcoming refinery capacity additions by 2026. Growing demand for petroleum products and feedstock for petrochemical plants is driving refining capacity additions in the country
  • Iraq stands second in terms of upcoming refinery capacity of 1,099 thousand barrels per day (mbd) from new build and expansion projects. Maysan, Kirkuk III and Basra III are the largest project in the country that are expected to add a capacity of 150 mbd each by 2026

Saudi Arabia has highest share of 27% in the Middle East’s active refinery capacity in 2022 with a capacity of 3,325 mbd. The country is anticipated to have a minor capacity addition of 20 mbd in the Jubail II refinery during the 2022 to 2026.

Presently, Iran has 22% share in the Middle East’s active refinery capacity in 2022 with a capacity of 2,644 mbd. The country would witness capacity additions of 1,431 mbd from new build and expansion projects during 2022 to 2026. Siraf is the major upcoming refinery project in the country that is expected to start operations in 2025 with a capacity of 360 mbd.

The United Arab Emirates (UAE) accounts 13% of the total active (operational) refinery capacity in the Middle East. The country is projected to have refinery capacity addition of 278 mbd from upcoming projects during the outlook period. Ruwais is the major refinery project that is expected to have capacity addition of 203 mbd by 2026.

Iraq is the fourth-largest contributor to the Middle East’s active refinery capacity with 10% share in 2022. It would account of 26% of the total capacity additions in the Middle East by 2026. 

Other important contributors to the Middle East’s active refinery capacity are Turkey and Kuwait with similar share of 6.7% and 6.6%, respectively. These countries are expected to collectively add a capacity of 643 mbd by 2026. Qatar is the other notable country contributing 3.6% share and 560 mbd of capacity additions by 2026.

Explore the latest trends and actionable insights on the Crude Oil Refinery Projects market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Crude Oil Refinery Projects market to inform business strategy and pinpoint opportunities and risks Visit Report Store

Related Data & Insights

The Refinery capacity of Oil & Gas industry in Iran (2017 - 2025, mbd)

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